Emma Stone and Simone Biles are set to present university scholarships to schoolgirls currently taking part in The Hollywood Reporter's Women in Entertainment Mentorship program at THR's 2016 Women in Entertainment breakfast.

The 25th annual VIP event is set for Dec. 7 in Los Angeles.

Each of the 16 girls who are currently in the program will receive a $10,000 scholarship to attend the university of her choice, with two girls receiving a full-ride scholarship each worth more than $200,000 to attend Loyola Marymount University, a longtime partner in the Mentorship Program, which is now in its seventh year.

Additionally, one of the event sponsors, American Airlines, will be gifting each mentee with 50,000 American Airlines AAdvantage miles to help them travel from their hometowns to their future universities.

"We are thrilled to have two of the most accomplished young women of today, Simone Biles and Emma Stone, presenting the Women in Entertainment Mentorship Program scholarships. Each is a shining example of achievement in her respective field," said Janice Min, president and chief creative officer of The Hollywood Reporter-Billboard Media Group. "It is a privilege to have the support of so many in the Hollywood community as participants and donors, people who are invested in sending girls to college who otherwise might not attend."

Stone is receiving awards buzz for her role in Damien Chazelle's musical La La Land, opposite Ryan Gosling, while gymnast Biles is a five-time Olympic medalist.

THR's Women in Entertainment Mentorship Program is a joint venture with the Los Angeles chapter of nonprofit Big Brothers Big Sisters. Every year, 15-20 schoolgirls are paired with top-level women in the entertainment business. The girls, all high school juniors from some of L.A.'s most challenged and underserved schools, spend one afternoon every two weeks with their mentors in what has proved to be a life-changing experience. Since the program's inception in 2008, THR has raised $3 million in scholarship money, with the ongoing support of Lifetime and the Entertainment Industry Foundation. Eighty-five graduates of the program have gone on to such universities as Harvard, UCLA, UC Berkeley and Northwestern.

The program's mentors have included high-powered executives such as NBC Entertainment president Jennifer Salke, Fox Television Group chairman/CEO Dana Walden, Paramount Pictures president of worldwide distribution and marketing Megan Colligan and Universal Pictures chairman Donna Langley. This year's mentors include Rita Tuzon, Fox Networks Group's general counsel.

Also at the star-studded event, Jon Hamm will present Tina Fey with the Sherry Lansing Leadership Award, which recognizes a woman who is a pioneer and a leader in her industry. Jessica Lange and Susan Sarandon will present Ryan Murphy with the first-ever Equity in Entertainment Award, which recognizes an individual committed to more inclusion for women and people of color in the entertainment industry. Fox News' Megyn Kelly will deliver the opening remarks.

The Women in Entertainment breakfast - sponsored by Lifetime, American Airlines, Mercedes-Benz, THE OUTNET.COM, SAG-AFTRA, Gersh, Loyola Marymount University, and in partnership with Big Brothers Big Sisters of Greater Los Angeles and Entertainment Industry Foundation - coincides with the publication of THR's annual Women in Entertainment: Power 100.

The Hollywood Reporter-Billboard Media Group reaches more than 25 million U.S. users a month online per ComScore, with a social footprint of more than 20 million, ranking No. 4 among comScore entertainment-news properties in October 2016.

Check out photos from last year's Women in Entertainment breakfast below.